AVP, Compliance Officer

Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). Built upon our rich Japanese heritage since 1876, we put our customers first and provide seamless access to, from and within the Asia Pacific region.   SMBC is one of the largest Japanese banks by assets and maintain strong credit ratings across our global integrated network.  We work closely as one SMBC Group to offer personal, corporate and investment banking services to meet the needs of our customers.

With sustainability embedded within our strategy and operations, we are committed to creating a society in which today’s generation can enjoy economic prosperity and well-being, and pass it on to future generations.

• Assists the Compliance Unit Head (CUH) and/or Legal and Compliance Head in compliance matters.
• Assists the CUH with the following:
a. Establishing, periodic updating and/or maintaining the Local Compliance Manual and other compliance-related manuals designed to ensure compliance with laws, regulations and internal rules to direct employees to perform duties with integrity and further strengthen the Branch’s compliance culture
b. Compliance advisory to the different departments/units of the Bank
c. Performing annual Compliance Risk Assessment (CRA) of the Branch
d. Developing Compliance Action Plan (CAP) of the Branch based on the results of the CRA. This includes the establishment of self-review programs, testing, trainings and other control activities.
e. Running the In-Office Compliance Committee (IOCC) Meeting
f. Conducting periodic compliance self-review as planned (please refer to letter d) of identified key/critical/high risk rules for compliance of the identified units of the Branch and monitoring implementation of the action plans of relevant units or departments to address significant issues raised during the self-review.
g. Conducting independent inquiries and carrying out further investigations on possible breaches of laws, regulations, compliance policies and ethical standards and discussing with the LCD Head the employee/s responsible for such breaches for appropriate remedial or disciplinary action
h. Developing/updating compliance-related training materials, and conducting trainings aimed to increase awareness of the employees on the compliance risks associated with their functions and how to manage these risks, thereby strengthening the culture of compliance in the Branch.
i. Attending meetings organized by front-office departments and provide necessary guidance/advice in terms of proper compliance
j. Reviewing proposed product applications / manuals, bank policies and other initiatives with regard to regulatory or compliance matters and provide recommendations, as necessary.
k. Cascading important new laws and regulations to Manila Branch and maintaining the LCD library, and collaborating, including monitoring, with other units of the Branch and management for the Bank’s compliance in case of changes in compliance-related laws and regulations
l. Data gathering and coordination with other departments for the timely submission of the compliance-related reports to Head Office, LCAPD and other regional departments, and to BSP, as applicable
m. Day-to-day coordination with BSP on their requests and inquiries
n. Assisting the CUH in overseeing the orderly conduct of BSP examination and replies to the BSP observations/findings
o. Conducting surveillance on e-communication channels, preparing and submitting the report and perform other tasks related to it.
p. Perform such other compliance-related tasks as may be assigned by the Compliance Unit Head and LCD Head and/or Management.